Business Travel Trends

Business Travel Budgets to Increase for 2014

More than three quarters (76 per cent) of business travel buyers will have more money to spend in 2014 according to the annual business travel buyer survey carried out by the Business Travel Show. This is despite just 49 per cent of buyers being asked to book more trips.

HTrends

The survey reveals a third consecutive annual rise in the number of buyers enjoying bigger budgets year on year. In 2013, 72 per cent of budgets were higher or the same than in 2012. And in 2012, 67 per cent of budgets were subject to an annual rise. 76 per cent of airline budgets will be the same or greater in 2014, 74 per cent of accommodation budgets will rise and 83% of buyers will be expected the same or more trips.

Business Travel Show Logo183 travel, category and procurement managers took part in the survey for the Business Travel Show, which takes place 4-5 February 2014 in London. The majority of respondents were UK-based, 55 per cent control budgets in excess of £3 million and 65 per cent manage programmes with in excess of 500 business travellers.

When asked about the biggest issues facing them and the industry over the next 12 months, NDC came out on top, followed by travel management 2.0, data, sustainability, meetings management and mobile technology. The top 20 responses are below:

1

NDC

11

Gamification

2

Travel management 2.0

12

Relaxation of policy

3

Data

13

Airline bankruptcy

4

Sustainability

14

Integration of social and travel tools

5

Meetings management

15

Ancillary fees

6

Mobile apps

16

Airline consolidation

7

Technological developments

17

Risk management

8

Free Wi-Fi in hotels and on airlines

18

Virtual meetings

9

CSR

19

Fuel increases

10

Terrorism

20

Less reliance on TMCs

“The survey results are great news for buyers, who have had faced intense pressure over the last couple of years to cut costs and stretch budgets,” commented David Chapple, event director, Business Travel Show.

“The figures in our survey also support the GBTA’s own predictions that the UK business travel industry is heading for very strong growth in 2014 and 2015 and, following a trying few years, western Europe’s major markets should see a bounce back over the next five years.”

The survey stats:

2014 v 2013

2013 v 2012

2012 v 2011

Percentage of business travel buyers with increased budgets

76%

72%

67%

Airline budgets

39% - greater

37% - the same

Accommodation budgets

38% - greater

36% - the same

Number of trips managed

More – 49%

The same – 34%

Fewer – 9%

More – 57%

The same – 22%

Fewer – 22%

Source: www.businesstravelshow.com



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